N.Y. Penal Law 175.45 – Issuing a false financial statement
Current as of: 2024 | Check for updates
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§ 175.45 Issuing a false financial statement.
Attorney's Note
Under the New York Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 364 days | up to $1,000 |
A person is guilty of issuing a false financial statement when, with intent to defraud:
1. He knowingly makes or utters a written instrument which purports to describe the financial condition or ability to pay of some person and which is inaccurate in some material respect; or
2. He represents in writing that a written instrument purporting to describe a person's financial condition or ability to pay as of a prior date is accurate with respect to such person's current financial condition or ability to pay, whereas he knows it is materially inaccurate in that respect.
Issuing a false financial statement is a class A misdemeanor.